NYSE:CLS

Celestica (CLS) Stock Forecast, Price & News

$22.30

-0.18 (-0.80%)

(As of 09/21/2023 ET)

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Today's Range: $21.73
▼
$22.56
50-Day Range: $15.85
▼
$24.15
52-Week Range: $8.21
▼
$24.46

Volume: 1.39 million shs
Average Volume: 1.58 million shs
Market Capitalization: $2.66 billion

P/E Ratio: 16.16
Dividend Yield: N/A
Price Target: $21.31

Celestica MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 4.4% Downside
$21.31 Price Target
Short Interest: Healthy
1.19% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.61
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 20.39%
From $2.06 to $2.48 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Computer And Technology Sector

146th out of 592 stocks

Printed Circuit Boards Industry

2nd out of 10 stocks

2.4

Analyst's Opinion

Consensus Rating
Celestica has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.31, Celestica has a forecasted downside of 4.4% from its current price of $22.30.
Amount of Analyst Coverage
Celestica has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.19% of the float of Celestica has been sold short.
Short Interest Ratio / Days to Cover
Celestica has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Celestica has recently decreased by 15.38%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Celestica does not currently pay a dividend.
Dividend Growth
Celestica does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CLS.

3.7

News and Social Media Coverage

News Sentiment
Celestica has a news sentiment score of 1.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Celestica this week, compared to 2 articles on an average week.
Search Interest
Only 22 people have searched for CLS on MarketBeat in the last 30 days. This is a decrease of -24% compared to the previous 30 days.
MarketBeat Follows
10 people have added Celestica to their MarketBeat watchlist in the last 30 days. This is an increase of 233% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Celestica insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Celestica is held by insiders.
Percentage Held by Institutions
71.33% of the stock of Celestica is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Celestica are expected to grow by 20.39% in the coming year, from $2.06 to $2.48 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Celestica is 16.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of Celestica is 16.16, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 245.84.
Price to Book Value per Share Ratio
Celestica has a P/B Ratio of 1.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Celestica (NYSE:CLS) Stock

Celestica Inc. provides supply chain solutions in North America, Europe, and Asia. It operates through Advanced Technology Solutions, and Connectivity & Cloud Solutions segments. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services. It also provides hardware platform solutions, which includes development of infrastructure platforms, and hardware and software design solutions and services which is used as-is, or customized for specific applications; and management of program including design and supply chain, manufacturing, and after-market support. The company serves aerospace and defense, industrial, HealthTech, capital equipment, original equipment manufacturers, cloud-based, and other service providers, including hyperscalers, and other companies, as well as communication and enterprise markets including servers and storage. Celestica Inc. was incorporated in 1996 and is headquartered in Toronto, Canada.

CLS Price History

30 days | 90 days | 365 days | Advanced Chart

CLS Stock News Headlines

August 29, 2023 | marketbeat.com

3 Inexpensive Mid Cap Tech Stocks With Good Growth Prospects (CLS)

A prudent portfolio strategy can be paring back outperformers and reallocating to less popular, less expensive names - like these three mid-cap tech stocks.

September 13, 2023 | seekingalpha.com

Celestica: Momentum Gone

September 22, 2023 | Stansberry Research (Ad)

Experts: NVIDIA Now "Too Big to Succeed"

Several of the market’s top analysts are sounding the alarm that NVIDIA’s share price may have reached its breaking point.

September 13, 2023 | americanbankingnews.com

Celestica (NYSE:CLS) Receives Outperform Rating from Royal Bank of Canada

August 31, 2023 | stocknews.com

3 Winning Tech Stocks to Own This September

August 23, 2023 | finance.yahoo.com

3 Reasons Why Growth Investors Shouldn't Overlook Celestica (CLS)

August 18, 2023 | finance.yahoo.com

Earnings Estimates Moving Higher for Celestica (CLS): Time to Buy?

August 18, 2023 | fool.com

Celestica (NYSE: CLS)

September 22, 2023 | Chaikin Analytics (Ad)

Buy This Stock for AI Tidal Wave (not NVDA)

The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.

August 16, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Celestica

August 3, 2023 | seekingalpha.com

Celestica: A Top-Rated Stock To Keep An Eye On

August 3, 2023 | stocknews.com

Buy or Sell These 3 Tech Stocks in August?

July 31, 2023 | msn.com

2 TSX Stocks Poised to Have a Big Summer

July 27, 2023 | seekingalpha.com

Celestica Inc. 2023 Q2 - Results - Earnings Call Presentation

July 27, 2023 | finanznachrichten.de

Celestica International LP: Celestica Announces Second Quarter 2023 Financial Results

July 27, 2023 | marketwatch.com

Celestica Shares Rally After 2023 Guidance Raised

July 27, 2023 | msn.com

Celestica Skyrockets after Strong Q2 Results, Raises Outlook

July 27, 2023 | investorplace.com

Why Is Celestica (CLS) Stock Up 30% Today?

July 7, 2023 | baystreet.ca

Hut 8, Celestica at 52-Week Highs

July 5, 2023 | msn.com

The Market Is Ignoring These Under-the-Radar Canadian Tech Stocks, but I’m Not

June 19, 2023 | baystreet.ca

Celestica, Fathom, Total Telecom at 52-Week Highs

June 10, 2023 | finance.yahoo.com

Celestica Inc. (TSE:CLS) Shares Could Be 43% Below Their Intrinsic Value Estimate

June 5, 2023 | finance.yahoo.com

Celestica Announces Pricing of Secondary Offering of Subordinate Voting Shares by Onex Corporation

June 5, 2023 | finance.yahoo.com

Celestica Announces Proposed Secondary Offering of Subordinate Voting Shares by Onex Corporation

June 1, 2023 | seekingalpha.com

Why Celestica Is A Stock To Buy

May 29, 2023 | msn.com

Celestica: Undervalued With Solid Revenue Growth

May 26, 2023 | markets.businessinsider.com

RBC Capital Sticks to Its Hold Rating for Celestica (CLS)

See More Headlines

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CLS Company Calendar

Last Earnings: 7/26/2023
Today: 9/22/2023
Next Earnings (Estimated): 10/23/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Printed circuit boards
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:CLS
CUSIP: N/A
CIK: 1030894
Web: www.celestica.com
Phone: (416) 448-5800
Fax: 416-448-2280
Employees: 26,324
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $21.31
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $14.00
Forecasted Upside/Downside: -4.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.38
Trailing P/E Ratio: 16.16
Forward P/E Ratio: 10.83
P/E Growth: N/A
Net Income: $145.50 million
Net Margins: 2.17%
Pretax Margin: 2.93%
Return on Equity: 15.54%
Return on Assets: 4.66%

Debt

Debt-to-Equity Ratio: 0.43
Current Ratio: 1.43
Quick Ratio: 0.63

Sales & Book Value

Annual Sales: $7.25 billion
Price / Sales: 0.37
Cash Flow: $3.07 per share
Price / Cash Flow: 7.27
Book Value: $13.80 per share
Price / Book: 1.62

Miscellaneous

Outstanding Shares: 119,330,000
Free Float: 118,136,000
Market Cap: $2.66 billion
Optionable: Optionable
Beta: 2.15

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Key Executives

Mr. Robert Andrew Mionis (Age 60)
Pres, CEO & Director
Comp: $3.94M

Mr. Mandeep Chawla (Age 46)
Chief Financial Officer
Comp: $1.65M

Mr. Yann Louis Etienvre (Age 49)
Chief Operations Officer
Comp: $1.7M

Mr. Jason Phillips (Age 48)
Pres of Connectivity & Cloud Solutions
Comp: $1.28M

Mr. Todd C. Cooper (Age 53)
Pres of Advanced Technology Solutions
Comp: $1.16M

Mr. Shlomo Bibas
Sr. VP & Chief Information Officer

Mr. Todd Melendy
VP of Sustainability & Compliance

Mr. Robert Peter Ellis
Chief Legal Officer & Corp. Sec.

Mr. Craig Oberg
VP of Investor Relations & Corp. Devel.

Ms. Leila Wong
Chief HR Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CLS Stock - Frequently Asked Questions

Should I buy or sell Celestica stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Celestica in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CLS shares.
View CLS analyst ratings or view top-rated stocks.
What is Celestica's stock price forecast for 2023?: 8 Wall Street analysts have issued 12 month target prices for Celestica's stock. Their CLS share price forecasts range from $14.00 to $25.00. On average, they anticipate the company's share price to reach $21.31 in the next year. This suggests that the stock has a possible downside of 4.4%.
View analysts price targets for CLS or view top-rated stocks among Wall Street analysts.
How have CLS shares performed in 2023?: Celestica's stock was trading at $11.27 at the beginning of the year. Since then, CLS shares have increased by 97.9% and is now trading at $22.30.
View the best growth stocks for 2023 here.
Are investors shorting Celestica?: Celestica saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,320,000 shares, a decrease of 15.4% from the August 15th total of 1,560,000 shares. Based on an average daily volume of 1,510,000 shares, the short-interest ratio is presently 0.9 days. Approximately 1.2% of the company's stock are short sold.
View Celestica's Short Interest.
When is Celestica's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our CLS earnings forecast.
How were Celestica's earnings last quarter?: Celestica Inc. (NYSE:CLS) released its quarterly earnings data on Wednesday, July, 26th. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.07. The technology company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Celestica had a net margin of 2.17% and a trailing twelve-month return on equity of 15.54%. The business's quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $0.44 earnings per share.
What ETF holds Celestica's stock ?: iShares International Small Cap Equity Factor ETF holds 106,536 shares of CLS stock, representing 0.28% of its portfolio.
What guidance has Celestica issued on next quarter's earnings?: Celestica issued an update on its FY 2024 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $2.48- for the period. The company issued revenue guidance of -.

What is Rob Mionis' approval rating as Celestica's CEO?: 94 employees have rated Celestica Chief Executive Officer Rob Mionis on Glassdoor.com. Rob Mionis has an approval rating of 63% among the company's employees. This puts Rob Mionis in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Celestica own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Celestica investors own include Aurora Cannabis (ACB), Quantum (QTM), Ballard Power Systems (BLDP), Portland General Electric (POR), NVIDIA (NVDA), Shopify (SHOP), AT&T (T), Advanced Micro Devices (AMD), Walt Disney (DIS) and Freeport-McMoRan (FCX).
What is Celestica's stock symbol?: Celestica trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLS."
Who are Celestica's major shareholders?: Celestica's stock is owned by a variety of institutional and retail investors. Top institutional investors include Letko Brosseau & Associates Inc. (10.06%), Donald Smith & CO. Inc. (4.24%), Pzena Investment Management LLC (3.99%), Acadian Asset Management LLC (3.39%), Cibc World Market Inc. (2.81%) and Dimensional Fund Advisors LP (0.94%).
How do I buy shares of Celestica?: Shares of CLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Celestica's stock price today?: One share of CLS stock can currently be purchased for approximately $22.30.
How much money does Celestica make?: Celestica (NYSE:CLS) has a market capitalization of $2.66 billion and generates $7.25 billion in revenue each year. The technology company earns $145.50 million in net income (profit) each year or $1.38 on an earnings per share basis.
How many employees does Celestica have?: The company employs 26,324 workers across the globe.
How can I contact Celestica?: Celestica's mailing address is 5140 YONGE STREET SUITE 1900, TORONTO A6, M2N 6L7. The official website for the company is www.celestica.com. The technology company can be reached via phone at (416) 448-5800, via email at clsir@celestica.com, or via fax at 416-448-2280.

This page (NYSE:CLS) was last updated on 9/22/2023 by MarketBeat.com Staff

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